PM urges FBR to revise revenue strategy to combat national debt

July 13, 2024 (MLN): Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to reevaluate its strategy for enhancing revenue collection to help free the country from debt, the Information Ministry reported.

Chairing a meeting during a visit to the FBR in Islamabad today, he emphasized that the sectors that are not paying taxes must be brought into the tax net. 

The Prime Minister said the digitization process has been started in the FBR, assuring that it will be carried out in the most comprehensive and coordinated manner.

He assured to fully support the revenue collection body in acquiring the latest technology.

Shehbaz Sharif praised the FBR for achieving a 30% increase in tax collection during the last financial year.

Furthermore, he emphasized the need to reach the tax collection target of thirteen trillion rupees set for the current fiscal year.

However, he said traders and investors should not be harassed, instead, they should be fully facilitated. He clarified that tax should be collected where it is due.

The Prime Minister appreciated the finance team for securing the staff-level agreement with the IMF, expressing confidence that the board of the international lender will also approve it. 

He said it is now time to act swiftly and tirelessly to make this program the last one in the country's history.

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